Continuing on its success from earlier recognitions, including "Middle East Industrial Deal of the Year," and "Middle East Project Finance Deal of the Year," the Firm received two 2008 Deal of the Year awards from Euromoney Project Finance magazine – "Middle East Islamic Deal of the Year" and "Asia Pacific Petrochemicals Deal of the Year." According to the publication, the deals are among others "that are shaping this year’s market and beyond."
The Firm had advised Ma'aden Phosphates Company (MPC), a joint venture between Saudi Arabian Mining Company (Ma'aden) and Saudi Basic Industries Corporation (SABIC), in relation to the establishment of MPC and the development of the project assets with a capital cost of USD5.6 billion, and the project financing facilities totaling USD3.86 billion.
The Firm’s work on PTT Asahi Chemical Company’s Petrochemical plant deal received the "Asia Pacific Petrochemicals Deal of the Year." Baker & McKenzie acted for the Mandated Lead Arrangers in relation to the financing of the development, construction and operation of a 200,000-metric-tonnes Acrylonitrile production facility and an associated 70,000-metric-tonnes Methyl Methacrylate Monomer production facility in Map Ta Phut, Thailand.